Why should you invest in a New York City home?

By Annie Newman

New York is one of the most attractive cities in the world to live in and attracts global attention since the beginning of its history. It is not only an exciting place to live in but it is also a world capital in many ways. It is the location of major financial institutions, world renowned cultural districts, the seat of the United Nations and has more population per square feet than most cities across the country. The real estate in New York City is priced at a high value due to its coveted status as one of the greatest metropolitan areas in the world. New York City consists of the following 5 boroughs: Manhattan, Brooklyn, Queens, Staten Island and the Bronx. They all offer unique homes, condos, lofts and apartments that only increase in value over time and can satisfy a wide array of lifestyle needs.

The New York City real estate market

New York apartments are quite in demand and regardless of price, often have many people eyeing the same homes for sale at the same time. One charming neighborhood in Manhattan named Chelsea, recently attracted hundreds of people to a two bedroom open house event where the line to enter had almost a 30 minute wait. Not many cities on earth can boast such a phenomenon. New York City apartments for sale are often difficult to choose from as there are so many neighborhoods and boroughs that offer exclusive living spaces. It is important to do the right research before investing in a luxury condo in New York or any type of home as each area has its own character. Many older residences offer high ceilings, large lobbies, decorative features, hardwood floors and historic charm. The newer constructions are built smaller and are usually found in high rises but do include more modern advantages than prewar constructions. Some New York homes for sale are more expensive but are built in quieter areas that have more of a suburban feel. The New York penthouses for sale offer incredible views of the Manhattan skyline that are truly breathtaking and worth the investment. One can spend days visiting the arts and cultural centers and museums around the city and the fast paced lifestyle of New York is inviting for all those who are looking for a fulfilling experience.

Neighborhoods in New York City

The Upper East Side in New York is known for its trendy and upscale homes, restaurants and shops. Part of Central Park and many museums surround the area that can be filled with tourists all year round. Purchasing or renting an Upper East Side apartment is a source of pride for many residents.

Chelsea is a Manhattan neighborhood that is quite central and has more townhouses and low-rise buildings that make the area more home-like than the skyscrapers of other districts. A lot of former factories have been transformed into art galleries, condos, and trendy upscale living spaces. It is mainly residential and doesn’t reflect the more bustling neighborhoods that are in the financial districts. It has a lot of history and restored homes. SoHo in New York is another fancy neighborhood that includes many designer stores, high end shopping and elegant homes. It has a lively nightlife and attracts all types of artists and vendors.

The SoHo apartments in New York are well located and offer both historical styles of architecture as well as top of the line modern constructions. TriBeCa is a very expensive neighborhood of Manhattan that has a suburban look with cobblestone streets and multimillion dollar residences. It has a family friendly atmosphere and the TriBeCa apartments are usually high priced due to its special character as a quiet area in the big city. There are many lofts for sale that were formerly built as industrial buildings and have spacious accommodations. In a city that has over 8 million inhabitants, every square foot is precious real estate. Some families who are looking for a peaceful neighborhood in New York without having to commute to further suburbs in other boroughs can choose TriBeCa as a primary residence.

The Upper West Side of Manhattan is famous and its name is probably more recognized that many other New York districts. The area includes Central Park, one of the only preserved green spaces in the city, as well as many museums and is a desired zip code to live in. It has many affluent residents and notable structures and is also more convenient for families or people looking for a more quiet living space.

The Upper West Side of New York offers apartments that are luxurious, beautifully restored and have cozy living spaces. The streets are quieter and one does not have to be concerned with the loud distractions of the more densely populated areas. The East Village of New York is more known for its busy nightlife, bars, music venues and restaurants. It does include mansions and prestigious homes as well as row housing. It is a center for culture and the East Village apartments are well located for those who want more of a fast paced lifestyle. It is easy to access all the cultural venues that are so close by.

The West Village of New York is quite special in the sense that the city imposed the maintenance of the historic facades of many buildings and therefore the area has kept a lot of its historic charm. There are many theaters that display modern cultural trends and movements. In general, New York City itself is a mix of old and new, modern and historic, busy yet livable and exciting as can be for all those who call it home.

BARNES New York is at your disposal to help you choose the right New York City home for your needs and aspirations. We have a team of knowledgeable experts who can guide you through the process of purchasing your dream residence in the City that never sleeps. 

«New York City Neighborhoods» : Exploring the West Village with Pauline Lévêque

Interview by Rachel Brunet, director and editor-in-chief of Petit Journal New York

BARNES New York invites you in its series of articles untitled “New York City Neighborhoods”, where you can regularly discover the different districts of the city, in the eyes of French speakers who have settled there. They tell us all about their neighborhood, in their words, their tastes, their habits. Today, we take a walk in the West Village, in the company of illustrator Pauline Lévêque. With her husband, writer Marc Levy, and their two children, she has lived in this West Manhattan neighborhood for twelve years. The artist, who is exhibiting on November 11, 12 and 13 in Brooklyn, shows us her neighborhood, with its inspirations and habits. And without a doubt, its daily joys…

Lepetitjournal.com New York: You live in West Village. What attracted you to this neighborhood?

Pauline Lévêque: Before settling in the Village, my husband and I lived in London. There is an English side to it, green and calm in this neighborhood, but here the sky is blue almost every day. The streets are charming, the brownstones superb, and you don’t really feel the New York frenzy. It’s a little haven of peace in the heart of Manhattan.

Can you tell us about life in this neighborhood, the atmosphere? What makes it live, what drives it?

It really is village life. We know our neighbors, the UPS delivery man, the traders, the elderly in the neighborhood, the watercolorist who draws the street corners, the cellist who has been playing the same tunes for twelve years, the cigarette seller, the dog walker … And we find a bunch of dogs! Almost as many as children! It is very joyful and cordial to walk through the streets of the Village. But depending on the festivities, as with the Halloween parade, it’s not uncommon to come across extravagant, happy, or scary personalities. The shops on Bleecker Street have suffered greatly from the pandemic, but like the rest of the city, we are feeling a new lease of life and we are discovering new brands. The restaurants are all installed on the sidewalks and in the streets, which gives a European “bistro” side.

You are a mom. How is life with children and a family at TriBeCA? Are there many families?

Yes a lot. My children both go to a school in the neighborhood and the majority of their friends live there. We go to school on foot or by scooter, we meet up with friends on the way. It’s easy for last minute playdates and playground laps, too. We feel very safe in the Village. It is a very “kids-friendly” neighborhood. As proof, the ice cream parlor’s truck makes its daily rounds almost all year round!

You are an artist. Can you make us discover this district with your words? Is this a neighborhood that inspires you?

Very much. The outlook of the tree-lined streets, the alleys of townhouses, the view from the banks of the Hudson river… The area does not have too many tall buildings compared to the rest of the city, so I can see the sky with every walk, watch the roofs of small buildings with their water towers, have fun with graffiti, and see the Freedom Tower enthroned at the end of 7th Avenue.

Can you describe where you live, what attracted you, what do you like about your home?

The village is unlike any other parts of Manhattan. Unlike the rest of the city, the streets are not numbered, but have names. Before living here, I always got lost in this neighborhood, and had a soft spot for the corner of Perry Street and W4th. I am fortunate to live close to this corner that made me dream. And I still don’t get tired of it.

As a European, do you find a little European side to this district through the inhabitants, the shops, the schools?

Absolutely! I think the vast majority of people in the West Village are Americans, but the area really does have a European feel to it. By the way, Diptyque, Sandro, Maje, Bash can be found on Bleecker Street. The schools are on a human scale.

Your favorite places in the West Village?

Along the Hudson River, the children’s clothing store “Pink Chicken” on Bleecker Street, the restaurants “Mary’s fish camp”, “La Sevilla”, “Buvette”, “Bobo”, “Nami Nori”, “En Japanese »… Gay street, Morton and Bedford Street, St Luke’s place… Smalls jazz club on W10th. Etc., etc!

Is this a neighborhood that you recommend for those who want to buy or rent?

Sure, for both. West village is an expensive area, but if you can afford it, it’s the nicest area for me to live.

If you had to describe the West Village in three words?

Charming. Calm. Village!

EXPERTS DISCUSS – West Village

Rental Market in West Village: During Q3 2021, the median rent for an apartment in West Village was $3,000 for a studio, $4,000 for a 1 bedroom, and $5,500 for a 2 bedroom.

Sales Market in West Village: In the third quarter of 2021, across the West Village, the median asking price of sellers is $2,100 / sqft.

Interview by Rachel Brunet, director and editor-in-chief of Petit Journal New York

Chelsea, one of the coolest neighborhoods in the world

Interview by Rachel Brunet, director and editor-in-chief of Le Petit Journal New York

It stretches from 14th Street to 34th Street and 6th Avenue to the Hudson River. The Chelsea district has just entered the Timeout ranking of “49 coolest districts in the world”. This district of the West Side of Manhattan is known for its many restaurants, its famous sites, including the High Line, but also its art galleries. Between the inauguration of The Little Island this year and the opening of the exhibition ‘Jean-Michel Basquiat: King Pleasure’, next spring, immersed in the Chelsea district, one of the most “gay-friendly” in Manhattan, but a neighborhood that also has a bit of a French touch of some sort…

Chelsea among the coolest neighborhoods in the world

The ranking “the 49 coolest neighborhoods in the world” of the famous Timeout magazine is just out and awarded to 49 neighborhoods spread over the four corners of the planet under the title of “coolest neighborhood in the world”. The Chelsea neighborhood in Manhattan comes in 6th place.

From “speak easy” to flea markets, restaurants, gay bars to green buildings, the Chelsea district caters to all tastes. Chelsea is a happy marriage of industrial style and contemporary construction, with one watchword: strolling. Trendy restaurants, cafes, small shops and openness to water and nature, if Chelsea made its entry into the Timout ranking, there’s a good reason.

Chelsea is one of the oldest neighborhoods in New York to have retained its original name. In 1750, an English entrepreneur named Thomas Clarke bought a “ten square block” piece of land near the Hudson River and named the estate “Chelsea” after a soldier’s house near London. Over the years, developers have built the heart of Chelsea between 14th and 23rd Streets West of Eighth Avenue and have designed the neighborhood with the boundaries we know today. Among the monuments, both literally and figuratively, of the Chelsea district, the famous Chelsea Hotel, Madison Square Garden, the High Line, Chelsea Market, The Little Island… But not only! Chelsea is a neighborhood that has its secrets.

Chelsea’s secrets

The top of brick buildings and water tower on a Chelsea rooftop.

The Grand Lodge of New York is the largest and oldest independent organization of Freemasons in New York. Founded on December 15, 1782, the Grand Lodge has jurisdiction over approximately 60,000 Freemasons. The historic 23rd Street and 6th Avenue structure has hosted various blood drives and charity events, as well as New York’s Masonic Security Identification Program.

Another of Chelsea’s secret, the atomic bomb … Although much of the research on the project took place at Columbia University, Chelsea also played a small but important role in the development of the atomic bomb. On West 20th Street, three buildings once made up the Baker and Williams warehouses, which housed thousands of tonnes of uranium. In the late 1980s and early 1990s, the federal government cleaned buildings of residual uranium, disposing of over a dozen barrels of radioactive waste.

Another, sweeter secret… The building that now houses Chelsea Market was once the headquarters of the National Biscuit Company, or Nabisco. The factory officially opened in 1890 when eight bakeries came together to create a “super bakery” and continued to expand until 1958 when the company left Manhattan. In 1912, Nabisco invented his undoubtedly most famous product in Chelsea: the Oreo cookie. Chief food scientist Sam Porcello created the recipe, which has remained largely unchanged over a century later. The company also produced classic products such as Saltines, Vanilla Wafers, Fig Newtons, and Barnum’s Animal Crackers. Many remains of the original Nabisco factory are still there. Entering Chelsea Market from 9th Avenue between 15th and 16th Streets, the Nabisco plaque dating from 1898 still triumphs.

A bit of France in Chelsea

View of downtown Manhattan from a garden in Chelsea, with a terrace in the foreground and people watching at the skyline.

While many may think The High Line‘s concept of turning old train tracks into a park was started in Chelsea, The High Line was actually inspired by the Parisian project, La Coulée Verte, located in the 12th arrondissement of the French capital, built in 1993 from a disused railway line. The project, both architectural and green, follows the old Vincennes railway line and crosses an elevated viaduct to reach the Bastille. The High Line, the American counterpart of the Coulée Verte, was to have retail space underneath, but plans were scrapped after the spaces under the park were privatized.

With nearly 40,000 French people officially settled in New York, Chelsea is also a neighborhood taken over by expatriates. On 29th Street, between 7th and 8th Avenue, the O’Cabanon restaurant has taken up residence since 2015 with its adjoining shop where you can find a wide range of French products: cookies, preserves, syrups, cheese, cold meats, chocolate, cosmetics and even books in French.

Further south, within the Chelsea Market itself, the Norman pastry chef Jérémie Rousselet officiates at Tiny Feast. On a very French note, ham / gruyère baguette sandwiches, charcuterie boards and donuts are on the menu. “I have a lot of good memories with donuts: they remind me of summer and the holidays, their delicious smell, and when I was a child, in France, going to bakeries after school to have a donut” explains the French chef on the Tiny Feast website.

On 7th Avenue, between 19 and 20e rue, Le Singe Vert, a bistro with romantic decoration that serves cold meats, snails, onion soup, endive salad with duck confit, steak tartare or even a tab wine merchant.

It was also in Chelsea that the 2013 Chelsea Film Festival was born – sponsored by French nationals Ingrid Jean-Baptiste and Sonia Jean-Baptiste and whose 9th edition has just ended. This festival dedicated to the 7th art, highlights and awards international independent or emerging filmmakers. This year, among the 141 films presented, 11 were produced by French directors.

Chelsea, this neighborhood where it is good to stroll, work and live, however, remains an expensive neighborhood in New York. “As of September 2021, in Chelsea, the median selling price was $1,289,000, and reported on the surface the median price was $1,491 / sqft. For rentals, the average rental price in September was $3,675 for a studio, $5,150 for a one bedroom and $7,450 for a two bedrooms ”explains Yann Rousseau, Managing Partner at BARNES New York.

Expensive, but cool, so is Chelsea…

Interview by Rachel Brunet, director and editor-in-chief of Le Petit Journal New York

Why should you search for a home in Westchester County?

By Annie Newman

Westchester is actually one of the first suburban areas to be developed outside of New York City. It is located just north of New York and is quite accessible as the distance is a reasonable drive to the city. It is located in the Hudson valley and consists of cities, towns and villages. It is surrounded by beautiful nature, a peaceful environment and is a haven for New Yorkers who are looking for a more suburban type of lifestyle. It has notable residents and was once home to the former US President, Bill Clinton. Yonkers is the most populated city in that region and the entire county attracts residents from all over Manhattan who are looking for more spacious and livable homes.

Westchester as a first choice suburb of New York

The Westchester County is a central suburb in the greater New York City region and began its history as an attractive place for upper middle class families due to its proximity to the Big Apple. Its many roads and public transport services are an attractive factor for commuters especially in a city where traffic can sometimes become a significant obstacle. The southern area of Westchester is rapidly becoming densely populated and more city-like than other parts of the county. Upstate New York is also closely accessible from Westchester and is an attractive factor in choosing a home there for those who like to go to the countryside on a more regular basis. Aside from the villages and towns that are found there, the main populated cities are: Yonkers, New Rochelle, Mount Vernon, White Plains, Peekskill and Rye.

A suburb with economic influence 

Most suburbs in the United States consist of mostly residential properties but the Westchester area is so close in proximity to New York City, one of the financial capitals of the world, that it attracts many Fortune 500 companies. Buyers who purchase a home in Westchester can have close access to jobs that have high earning potential without having to necessarily commute all the way to Manhattan. Some of these major companies include MasterCard, PepsiCo, IBM and Universal American. It is a great advantage in a city like New York that is densely populated, expensive and deals with major traffic to have suburbs that also offer great business opportunities. Unlike Manhattan, one can buy a home in Westchester that is spacious, has a big garden, easy parking and more without the daily stresses of a bustling metropolis. Just like California has Silicon Valley, eastern New York State has Tech Valley. The Westchester homes for sale are worth the investment as they are located in a region that has growing business opportunities and the demand keeps growing.

A damn in Westchester county, during the fall with orange and brownish leaves starting to fall.

The Westchester county charm

Westchester has a lot of historic buildings and beautiful sceneries. It is a charming and wonderful place to own a home. The architecture of the houses is known to be beautiful, with wide spaces and plenty of greenery. The oldest building there was built in 1670. There are libraries, museums, cultural arts centers, and many parks and recreation areas. Scarsdale is one of the closest districts to New York City and offers a lot of business opportunities and cultural attractions. The area may be historic but it also includes many newly built homes and luxury apartments across Westchester.

The real estate market in Westchester

The real estate market in Westchester is growing and the median prices for homes are in the higher ranges. It offers many luxurious properties that are significantly more affordable than in Manhattan, where an apartment can cost as much as a large house in Westchester. There are many cities and towns to choose from and some homes are located in areas that are so quiet and retreated that they are not even considered part of any town. The residents there can enjoy a more private life and choose a dream home close to one of the most popular cities on earth. One particular home in Westchester had gone on the market for $100 million, which many U.S. suburbs could not offer because of location. Being in driving distance to Manhattan naturally raises the value of homes in a suburb such as Westchester. Westchester houses for sale include waterfront homes, mansions, castles, and restored historic buildings. The standard of life is considered one of the highest in the country. There are many hills and rivers that mix farm life, suburban life and city life due to its status as a New York City suburb. The county continues to move forward and attracts many people from across the East coast to its beautiful landscapes. For home buyers who like nature, they can purchase a home that is close to many nature activities such as hiking, biking, watersports, and outdoor recreation. It has much to offer for its residents during both the summer and winter seasons. It also offers a meaningful sense of community compared to the big city. Those who are looking for rural homes with a large property can find such houses in the area. Many people rarely expect to find so much farmland just north of a city with millions of people. Some New Yorkers who purchased a second home in Westchester made it their primary residence during the pandemic months when many businesses and schools were closed in New York City. For those who are looking for Westchester apartments instead of the responsibility of a big property, they can also find many choices in one of the more populated districts of the county. Westchester offers a wide array of choices for your needs.

BARNES Westchester is at your disposal to help you search for your dream home in Westchester thanks to a team of experts that is available to guide you in your real estate goals.

Why should you consider buying a dream property in the Hamptons?

By Annie Newman

Did you ever find yourself thinking about purchasing your dream home? We often hear of names of cities and areas across the United States that are synonym with beautiful beaches, sceneries, celebrity homes, luxurious manors and fancy streets. Some of the most popular places in the United States that come to mind when thinking of those dreamy places include Beverly Hills, Miami Beach, Manhattan and most definitely the Hamptons in New York State. When one thinks of expensive oceanfront homes, places like South Florida and California come to mind but make no mistake, the Hamptons can live up to the highest expectations for offering some of the most breathtaking beachfront properties that the East Coast has to offer. The Hamptons real estate market is worth exploring for your choice of a primary or second home.

Luxury properties in the Hamptons

Real estate prices in the Hamptons rank among the most expensive zip codes in the United States. Buyers can expect to find houses for sale in the Hampton Bays that range from 40 to 100 million dollars. The high value of these homes can be attributed to their proximity to Manhattan, one of the most sought out places to live in the world, and the desirable beachfront location. The Business Week magazine cites Sagaponack, Water Mill and Bridgehampton as being the first, sixth and eighth most expensive zip codes in the U.S. The southern tip of Long Island is comprised of the different neighborhoods of the Hamptons that can be accessed easily from New York City. The population of the Hamptons increases greatly during the summer as well as during many weekends throughout the year. Theatres, golf courses, and shopping in the area are considered exclusive and highly regarded. Most people in the country have heard of the Hamptons but due to its exclusive nature, many have not yet even visited the region. There are more affordable homes in the Hamptons, but it is very common to find residences there in the higher price ranges.

A favorite vacation spot for New Yorkers

Many New Yorkers who are looking to buy a second home often consider the Hamptons as a close-by and first choice peaceful escape from the big city life. It is refreshing for people who live in the densely populated metropolis to view oceanfront homes that are spacious, quiet and incomparable in size to residential properties in the Big Apple. Even with a budget for investment in the millions of dollars, homes in New York City are bound by the limited space that is available and one cannot even dream to have a home in Manhattan as large as can be found in the Hamptons. Houses for sale in Southampton are particularly desirable because they are part of the commercial center of the region. It also includes the largest communities in this part of the Long Island strip. Hard working New Yorkers who have the budget to purchase a second home in places like Florida don’t always have the luxury of time to travel often to those places. Those other locations may require a flight or longer vacations and time off to be accessible. On the other hand, the Hamptons is just a drive away for New Yorkers and they can enjoy going there even for weekends if they cannot take a lot of time off to travel to more far away vacation destinations. It is truly a great choice for people all across the New England area who are looking for a private and upscale setting for their second home.

The Hamptons are no longer known just for vacation homes

During the Covid Pandemic, many people across the United States and especially in big overcrowded cities like Manhattan started to head out temporarily to more quiet regions where they didn’t have to be concerned with densely populated buildings and big crowds. Now, many of those big city residents are starting to find a new appreciation for regions that are more livable yet still quite close to the attractions of a metropolitan area. For many New Yorkers, their second home in the Hamptons have now become their first choice of residence throughout the year. Those who appreciate luxury and a more extravagant yet quiet lifestyle flock to places like the Hamptons that have so much to offer. Some wealthy residents of places like Manhattan still find themselves investing a lot of funds into tiny condos or apartments that are highly priced solely because of their location near Wall Street or Times Square. In the Hamptons, buyers can obtain more amenities and living space in return for their investment. The prices that are high reflect more value in the actual property itself. A two bedroom apartment in Manhattan can have the same asking price as a home in the Hamptons that is many times the size. Private beaches, celebrity sighting, peaceful and less crowded streets, picturesque views, proximity to the big city for work, are all part of the reasons why the communities in the Hamptons are becoming increasingly popular. The architecture in the Hamptons is pleasant to the eye and many homes built across the country even describe themselves as being built with a ‘Hampton Style.’ That style includes natural looks, wide spaces, sunlight, color, and relaxed living styles. The Hamptons include historic and charming buildings, old farming communities as well as the most modern and up to date architecture and decor. This coastal area has some of the most stylish and grandiose homes one can find in any beachfront community in the nation. It is most likely that sales in the area post-pandemic will only increase in the near future.  

BARNES New York is at your disposal to help you choose your dream property in the Hamptons due to a strong team of experts that are available to guide you in your search for your perfect residence.

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Why is the real estate market in Queens worthwhile to explore?

By Annie Newman

When buyers and investors think of New York City and its boroughs, they often imagine or assume that the homes or apartments for sale are small and lack the quiet qualities of suburbs. Houses for sale in Queens may just be a great surprise for anyone involved in the real estate market in New York. One of the special qualities of this New York City borough is that it includes many regions that have quiet towns with single family homes that are incredibly spacious and spread out in comparison to the big city life or to the overly urbanized landscapes of other boroughs in the area. Long Island is an area that is adjacent to Queens and offers this small town lifestyle that is rare to find in a populous metropolitan area. If the borough of Queens would be a city, it would be considered the 4th most populated city in the United States. It offers a high quality of life, big backyards, shopping and entertainment, as well a bustling economy. Amazon considered Queens among its top choices for headquarters in the borough. The two main airports of New York City are located in Queens, it is a great convenience to live next to the John F. Kennedy and La Guardia airports that are located there. Massive properties and mansions in Queens can be found scattered around the borough in popular towns or in more hidden and peaceful neighborhoods. One is more likely to find large homes and a suburban lifestyle in this huge borough.  It offers high end and luxurious settings for those who want to live near New York City without the pressures of big city daily life.

Homes for sale in Queens

Just like all New York City boroughs, Queens is located next to Manhattan, one of the most desirable and popular locations on earth and therefore it is common to find homes that vary in the higher price ranges. Unlike other boroughs though, Queens and Long Island offer spectacular homes for sale that are either brand new constructions or much more recently built compared to areas like Brooklyn that have buildings that often date from the post-war period. The apartments for sale in Queens as well as the houses there can offer a suburban type of life that cannot be found in Manhattan or in the busy districts of many New York City boroughs. The real estate in Queens is characterized by a much bigger variety of choices of home sizes and styles than other places around the Big Apple. The condos in Queens can be found on the market for lower prices than those in the more metropolitan districts but can be as beautiful and modern. Queens is so big and offers such varied types of cultural and economic facets that it is definitely worth being explored for your choice of a dream location.

Astoria is one typical neighborhood of Queens that offers the less intimidating types of buildings and architecture compared to Manhattan and Brooklyn. It includes less skyscrapers and high rise buildings and has a more familiar and warm environment to live in. The area is trendy and multicultural and offers different types of restaurants and entertainment venues. There are museums and other attractions for the local residents and tourists. It is the third most expensive neighborhood in the borough as it is becoming increasingly popular.

Houses for sale in Long Island

Even longtime residents of Manhattan and Brooklyn can be taken by surprise by the lush green and quiet homes that can be found in the Long Island region. Long Island homes for sale can range in the millions of dollars but are worth the investment especially for residents who want to raise a family in a region like New York that can be sometimes considered too densely populated or overwhelming as an environment to bring up children. Yet, it is not just families who can appreciate this area adjacent to Queens and close to Manhattan. The Long Island real estate market offers homes that are spacious in peaceful settings. The condos for sale are often situated in upscale settings. In Long Island, buyers and investors can find mansions for sale that would not even exist in Manhattan even with the available budget due to lack of space in the big city. The townhouses and homes in Long Island are especially large, luxurious and modern in comparison to many houses or apartment buildings inside the metropolis. Many residents who invest large amounts of money into homes in New York City complain about the lack of space for parking and recreation, while in Long Island, one can have a two or three car garage that fit comfortably in the design of the homes there. Even though it can be exciting to live in Manhattan or right across in downtown Brooklyn, there are many reasons to believe that it is advantageous to invest in a home in a place like Long Island that has all the suburban qualities of life yet so close to the great things that New York City has to offer and can be accessed so easily.

During the Covid Pandemic, areas such as Long Island and Queens saw less of an exodus of residents as its spacious towns offered less crowded buildings and a strong diversified economy. Many new contracts for properties were signed in Queens during and after the pandemic and it did not lose its attractive character. The future of the real estate market there is promising.

BARNES New York is here to help you choose the right neighborhood in Queens for your real estate project to buy your dream home, thanks to a great team of knowledgeable experts that are present to assist you in your investment goals.

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Is investing in Brooklyn real estate a good choice?

By Annie Newman

Is Brooklyn the next Manhattan? When you hear of Brooklyn, you may think it’s only one neighborhood but Brooklyn comprises of many different neighborhoods with various cultures, lifestyles and architecture for you to choose from.  Some areas have become very exclusive and expensive. Brooklyn is geographically larger than Manhattan and many areas have wonderful water views and sceneries. Even though some parts of Brooklyn include post war buildings, there are many new developments and high rises that are newly built and offer all the modern facilities that you may need. Brooklyn is a short drive from Manhattan and many people work and commute every day between those two boroughs. One can live in Brooklyn and have an apartment that faces the Manhattan Skyline without the prices of living directly in Manhattan itself. Some Brooklyn apartments for sale may actually be as expensive as some Manhattan condos and some houses for sale in Brooklyn may be even more expensive than some found in Manhattan. Brooklyn is becoming more popular and trendy amongst young people, investors and those who desire to work in Manhattan but prefer the more quiet or affordable neighborhoods of Brooklyn.

Luxury condos in Brooklyn

One Brooklyn neighborhood that is developing quite quickly and is becoming popular among investors and residents is Williamsburg. Some people may not realize that Brooklyn also offers luxury real estate but some homes and apartments are priced and sold reflecting a true luxury market. There are luxury condos in Williamsburg that face the water and have beautiful views of the city and nicely built boardwalks and parks with access to ferries at all times of the day. Some other communities also offer single family homes or semi-detached houses that are surrounded by beautiful nature, good schools, and peaceful settings. Some apartments in Brooklyn are very spacious and you can choose a brand new construction or a completely renovated historical structure. One historic Brooklyn mansion in Prospect Park went on the market for $30 million. Not many suburbs of big cities offer such exclusive properties.

The future of Brooklyn Real Estate

A view of buildings of different styles in Brooklyn, with historic style, red-brick  low-rise building in front, and modern, glass buildings in the background.

During the Covid pandemic, some investors realized that due to certain business closures, some of the Manhattan real estate had temporarily dropped in value or prices but the Brooklyn real estate market maintained a more balanced and stable demand during that challenging period. Over time, Brooklyn homes and townhouses increased in value and the last couple of years have seen an even bigger increase in the value of real estate in Brooklyn. Many millennials keep moving from the densely populated and expensive Manhattan districts to the nearby neighborhoods in Brooklyn that are up-and-coming. Brooklyn has just as much access to public transport and subway systems as Manhattan and it is therefore very easy to reach Manhattan from there. It encourages more people to live in Brooklyn and go to Manhattan for business or entertainment. Brooklyn itself though has enough public places and entertainment venues that are attractive enough to compete with the Big Apple.

How to choose a property and neighborhood in Brooklyn

Brooklyn is one of the 5 boroughs of New York City and is an area in demand when it comes to real estate and purchasing land or residences. Brooklyn is the fastest growing borough in terms of population. There are so many condos in Brooklyn as well large homes and even mansions that offer great views, exciting lifestyles and proximity to the glamor of Manhattan. There are dozens of Brooklyn neighborhoods and choosing the right place to live is an important decision. One has to decide if they prefer to be as close as possible for work purposes to the big City, or if they prefer more quiet areas. They need to decide if they prefer certain cultural aspects of the different regions or if they prefer a certain type of architecture. Brooklyn has many respected and visited museums. Some parts of Brooklyn are definitely older and have typical post war buildings but many are renovated and quite expensive. If you prefer brand new constructions, there are many new buildings that are constantly being built. Just like Manhattan, many buildings are constructed as high rises due to the large population and the desirable real estate market. It is worth taking the time to explore the different areas of this large borough as each neighborhood has a lot to offer to its population.  

Brooklyn luxury condos are now competition to homes and townhouses

The number of luxury contracts for properties is increasing steadily in Brooklyn and many buyers are choosing to purchase luxury condos over traditional houses or townhouses in the borough. The reason for this phenomenon is that these residences are more likely to be newer constructions; they offer more special views due to their high rise nature and don’t need the renovations necessary for many of the Brooklyn homes that were built quite a few decades ago. Some of these condos have more than one floor and can offer a similar or better lifestyle than a house and includes more modern amenities. Some older houses are even included in the luxury real estate market in Brooklyn because many buyers choose to renovate them to a great extent after purchasing them. The median asking price for Brooklyn luxury apartments and condos are often in the millions. Being so close to Manhattan and even having direct views of the city contributes to the value and price range of these homes. Many other big cities in the world can offer exclusive properties and have prices to reflect them, but usually the direct suburbs are significantly less expensive. Not in Brooklyn though because being close to a city such as Manhattan is truly special as it is one of the most popular places in the world.

BARNES New York is at your disposal to guide you and help you choose the right Brooklyn apartment or residence of your dreams thanks to a strong team of experts to assist you in all aspects of your real estate goals and expectations. We look forward to presenting you with the most prestigious and exclusive properties that Brooklyn has to offer.

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Should you invest in Manhattan real estate now?

By Annie Newman

Manhattan is often described as the financial and cultural center of the United States, and even considered by some as a world capital. Historically, it has been a constant attraction for tourists and immigrants from all over the globe and it is now recognized as one of the most desirable and exciting places to live and work. It is not surprising that the value of Manhattan real estate exceeds the sale prices of most metropolitan cities in the United States and around the world.

Why is it special to buy an apartment or home in Manhattan?

Those who call Manhattan their home feel a sense of tremendous pride and even though it is densely populated, people are willing to go the extra length to find their place in the city that never sleeps. The skyline of Manhattan is unmistakably recognized by people all over the world, including those who have never even visited New York. Songs, movies, television and theatre shows have been produced about Manhattan as it captivates the minds of all those who have heard of its bustling business and entertainment life.  This massive metropolitan area has a record number of skyscrapers that offer some of the most incredible views in the world.

Owning a property in Manhattan is a prestigious advantage.  Almost any apartment there can offer views that even penthouses in other cities don’t offer. Due to the large population, the buildings in the city are known to be built as high rises and skyscrapers and many apartments offer spectacular sceneries since the structures are built with such elevation. Some of the world’s tallest skyscrapers are found in Manhattan.

Manhattan real estate is in high demand

Manhattan not only has a large population, but it has an influx of workers from other boroughs or even states that commute there on a daily basis, creating a landscape that requires constant building and expansion. Every centimeter of land is precious and many in the construction industry have to win over bids to build more properties over those who want to try to maintain green spaces. This is the reason why one may find beautiful and spacious homes or townhouses for sale in Manhattan, but the main landscape can be seen from far as a city with tall buildings and limited space to build large private properties. Owning a home in Manhattan is truly glamorous.

View over Manhattan at night, with the lights from the city.

The city is known for its industrial past and some of the historical factories have been transformed into luxury and spacious lofts that can be found in many districts of Manhattan. The condos for sale reflect the prices of some of the most desired pieces of real estate in the world. Some apartments for sale in Manhattan can actually comprise of multiple floors and have as many rooms as a suburban house elsewhere in the United States. Unlike the suburban homes, these multi-floor condos offer breathtaking views at all times of a city whose lights shine and light up the sky from miles away.

Choosing a neighborhood or district to live in Manhattan is a wonderful experience as almost every corner of the city has special attractions for the local residents. Some people may prefer areas where the entertainment and theatres are world renown, others like the more quiet areas of the city. The city has mass transit subway and buses systems that create efficient and quick access to all areas of interest.

Local and International investment in Manhattan properties

Foreign investment in Manhattan real estate has been desirable for many people around the world who are looking to invest in valuable properties that are always in demand. Aside from investments, some people who reside in other cities who are looking to own a second home often choose Manhattan as their preference. Home owners in places such as Miami, Los Angeles, Paris, London and other big cities pride themselves to own a place to call their home in New York. Manhattan will always be on the top of the list of the world’s most famous and attractive cities.

Manhattan’s luxury real estate market

During the Covid pandemic, prices did fall to a certain degree but the real estate market in Manhattan is now bouncing back and is especially growing in the high end luxury property market. Some of the world’s most expensive homes and apartments have been sold right in Manhattan and it is no wonder that the buyers chose this city as their residence. Not many people would accept to invest over 100 million dollars for properties in other cities but Manhattan is able to attract such great investment due to its special character. A Manhattan penthouse was sold for $238 million in 2019, making it one of the most expensive homes ever sold in the United States. It would be challenging to sell a property of that price range in most other cities across the continent! Real estate professionals know that living in a Manhattan home can be priceless. Having a presence in New York City by purchasing real estate there is exciting, profitable and unique. Every square foot of land and real estate has tremendous value and worth.

Manhattan is not only multicultural in regards to its population, but the actual architecture and buildings that comprise this city can vary greatly in style. Some residents and buyers prefer the more historical look of the typical New York apartment buildings while others are more impressed by the shine and glamor of the new constructions that offer more modern styles of living. Both types are charming because they either represent the long history of a city of opportunities or the new shine of a constantly growing and fast paced world superpower.

The real estate market in Manhattan is booming and experts are predicting that the trend of record sales and contracts will continue in the coming years. BARNES New York has the exceptional resources to provide you with all your luxury real estate interests and can guide you in your search for your dream Manhattan home or project. Our properties are unparalleled in prestige and luxury and we are looking forward to present you with the most exclusive places.

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«New York City Neighborhoods» : Exploring Hudson Heights

Interview by Rachel Brunet, director and editor-in-chief of Le Petit Journal New York

BARNES New York invites you in its series of articles untitled “New York City Neighborhoods”, where you can regularly discover the different districts of the city, in the eyes of French speakers who have settled there. They tell us all about their neighborhood, in their words, their tastes, their habits. Today this article is exceptionally written in the first person because I personally invite you to follow me to my neighborhood: Hudson Heights. I am Rachel Brunet and I am the director and editor-in-chief of Petit Journal New York. I’m telling you about this little-known neighborhood, maybe because it’s hidden away, up there in Manhattan …

A family-friendly neighborhood

I moved to Hudson Heights in January 2019. A neighborhood that I had absolutely no knowledge of and which, over time, has completely conquered me. Basically, it was the rent prices that drove me to move north to Manhattan. Admittedly, an apartment of over 100 square meters and three bedrooms for less than $ 3,000 does not leave room for too long a reflection. Especially when the express metro is almost right downstairs of your building.

Station 175. “It’s far away,” some friends told me, “it all depends on where you are going,” I retorted. I quickly realized that in less than 40 minutes, I was still connecting my daily destinations. So, no, it’s not too far away. And frankly, in 2020 it was far from nothing …

Hudson Heights is a neighborhood that stretches from George Washington Bridge – itself located at 178th Street – to Fort Tryon. And from the Hudson River to Broadway. A small, secluded haven in Washington Heights, between the Hudson River and Fort Tryon. From street to street, English gives way to Spanish, the official language of this Hispanic neighborhood of Washington Heights. But in Hudson Heights, everything changes. As elsewhere in the city, this district is a joyous melting pot of communities. There are Americans, and many communities from Eastern Europe. There is also a strong community of the Jewish faith. In the course of my urban wanderings, I often come across an image that sends me back to France. Most of the buildings here were built in the 1930s, and some are Art Deco inspired. It reminds me of Boulogne-Billancourt, just at the entrance to the Bois. On Pinehurst Avenue, across from Bennett Park, Hudson View Garden. A residential complex. Inside, small alleys, well-tended grass, a pond with large fish, a flower garden. Absolute serenity. Architecture brings me back to Trouville-sur-Mer. Half-timbering is everywhere.

181st Street is the street for restaurants. Japanese, Italian, Thai, American, there is something for everyone and the prices are very affordable. There is really something for everyone too since there is even Café Bark, a cafe for our four-legged friends … New York will always be New York. On the 181, I have my little habits, between the Thai restaurant Tung Thong 181 and the Japanese restaurant Sushi Yu, my heart is still swinging. Not to mention Le Chéile and its superb pink terrace reminiscent of the Canal Saint Martin. Eight streets to the north, another spot for restaurants and shops. Here again, I’m used to it. Fresco’s Pizza, the best in New York according to my son or Kismat, the Indian restaurant in the neighborhood. But also, my little Ozzie’s supermarket. And hold on tight, I’m constantly discovering French products that are much cheaper than elsewhere in Manhattan. Jams, pains au chocolat, baguettes, brie, this shiny supermarket is my Ali Baba cave.

A little further up 187th Street, an exceptional wine shop, Vines on Pine, with a large selection of wines from all countries. The owner’s joke: tell me “have a good one, kid!”

Manhattan’s highest point

When I think of my neighborhood, I think “up” or “down”. And it’s not for nothing. In Bennet Park, nestled between 183rd and 185th Streets, is a treasure, little known to New Yorkers: Manhattan’s tallest natural point. 265 feet above sea level, the level of the Statue of Liberty torch. Suffice to say that it goes up and that it goes down. What a surprise the first time I found myself at the bottom of the long staircase to 181st Street. For a few seconds, I couldn’t tell if I was in New York or Montmartre.

Bennett Park is the meeting place for parents and children from this very family-friendly neighborhood, but also for older people who come to catch a ray of sunshine in the spring or a little cooler in the summer. It is not uncommon to see a group of musicians there, residents of the neighborhood. Their voices mingle with the cries of the children, each day a little more numerous. A little happier. For the record, this park is built on the site of the old Fort Washington where the Continental Army routed the British troops in 1776.

My pleasure in this area: take Cabrini Boulevard and go up to Fort Tryon. I walk along Birds of Cabrini Woods Nature Sanctuary. The wood is located at the southwest corner of Fort Tryon. A natural sanctuary, it is a favorite spot for bird watching and stunning views of the Hudson and Palisades across the river.

Cabrini boulevard ends at the entrance to Fort Tryon, a veritable urban forest that is home to The Cloisters, but not only! Coyotes, raccoons, opossums, groundhogs, snakes, bees, butterflies, and thousands of squirrels share this vast 27 hectare land, in addition to 81 species of birds, including hummingbirds and hawks. At the entrance to Fort Tryon, Heather Garden – many times voted the city’s finest garden – a pathway overgrown with flowers and shrubs, 60 meters above the Hudson. In summer, I often see hummingbirds there … My little piece of paradise …

In a few weeks, I’ll be leaving this neighborhood, life taking me further down in Manhattan, but still near a park. I won’t tell you which one …

Experts Discuss – Hudson Heights

Rental market:

As of January 2021, the average rent for an apartment in Hudson Heights is $1,600 for one bedroom, $2,500 for two bedrooms and $2,995 for a three bedroom apartment.

Sales market:

In December 2020, across Hudson Heights, the median asking price of sellers for available properties was $590,000, up about 3% year-on-year to $672/square foot. The median recorded final sale price is $780,000. This difference is mainly explained by the low number of transactions as a result of the Covid period, which significantly slowed the market in 2020 and therefore reduced the reference sample.

Interview by Rachel Brunet, director and editor-in-chief of Le Petit Journal New York

Read the article in Le Petit Journal New York

«New York City Neighborhoods» : Exploring Turtle Bay

Interview by Rachel Brunet, director and editor-in-chief of Le Petit Journal New York

BARNES New York invites you in its series of articles untitled “New York City Neighborhoods”, where you can regularly discover the different districts of the city, in the eyes of French speakers who have settled there. They tell us all about their neighborhood, in their words, their tastes, their habits. Today we explore Turtle Bay — a district located in Midtown East, with Lidia Del Pozo, Senior Business Development Officer, VP at Bank of the West BNP Paribas Wealth Management. She tells us about the neighborhood she has lived in for over a year with her family.

Lidia Del Pozo in her apartment in Turtle Bay, LePetitJournal.com

Lepetitjournal.com New York : You live in Turtle Bay. What attracted you to this neighborhood?

The reason I decided to live here is not for the neighborhood itself, but especially for its location in Manhattan. Before moving to New York with my husband and daughter, we took just five days to decide on the neighborhood and apartment we would live in. The Turtle Bay neighborhood stood out for us because of its central location in the city. We thought that it would be the best way to be close to all the city’s points of interest. The other reason, which confirmed our choice, was the proximity of my workplace. Indeed, I work for BNP Paribas Wealth Management which is also located in Midtown, and therefore a few blocks away from home.

Can you tell us about life in this neighborhood, the atmosphere? What makes it live, what drives it?

I would say that this neighborhood doesn’t have just one identity. I would be unable to say if this is a residential area only or an office district or an embassy district. Turtle Bay is a bit of everything at the same time: there is simultaneously a neighborhood life, with its small local shops, its small bars and restaurants, nurseries, playgrounds, but also an office district, therefore very lively Monday to Friday, with a lot of people in the streets very early in the morning and during lunch breaks. And in this mixed landscape sits the headquarters of the United Nations and a few embassies that revolve around this majestic building, the most beautiful in the city, in my opinion. Obviously, when General Assemblies take place, the district takes on a new face. The district is then under very strict protection and becomes a little locked down and paralyzed. These few days are not very pleasant but not unlivable either. The organization is quite impressive!

And it’s exciting! That’s what makes this district extremely lively and international.

A street in Turtle Bay, LePetitJournal.com

You live near the United Nations Headquarters, where French is one of the official working languages. Do we hear Molière’s language a lot in the streets of Turtle Bay?

Yes, indeed, French is a language that’s heard very regularly on the sidewalks, between two colleagues who go to their office at the United Nations, who we can easily identify in the street because they very often wear their access badge to the building around their neck; or the families I meet when I go to the playground with my daughter, for example. There are a lot of francophones in Turtle Bay. To give a fairly representative example, at the nursery my daughter attends, in her class, out of 10 students, 4 come from French-speaking families! Being able to speak French is of course very practical, especially at first, and always a good way to create new relationships very quickly, although it makes me practice my English less.

Your favorite places in Turtle Bay?

One of my favorite places in my neighborhood is probably the Grand Central Market, which is located on the grounds of Grand Central Station itself. It is a single alley where we find a succession of small stands who offer fresh and good quality products. Despite the fact that it is indoor, the atmosphere is close to that of a traditional market and the merchants are very nice. What I love most about this neighborhood is the fact that it is right on the East River. I am lucky to have a nice river view from my apartment and to be able to witness some really beautiful sunrises. Simple walks along the river are very pleasant and a bit of a change of scenery from the urban, city life.

Is this a neighborhood that you recommend for those who want to buy or rent?

I am not an expert in the real estate market, however what I can say intuitively when it comes to renting, yes it is a neighborhood that I recommend, because it is good to live and as I already have mentioned, it is ideally located in Manhattan to discover the city. Among the other reasons, the proximity to the river, the security and safety brought by the presence of the United Nations headquarters and finally, the very cosmopolitan aspect of the neighborhood. Regarding the purchase of a property, I would evoke the same motivations with the addition of the fact that it is a neighborhood quite popular with expats working at the United Nations, therefore with a certain demand on the market.

If you had to describe Turtle Bay in three words? 

If I had to describe Turtle Bay in three words, I would say that it is lively district, a very cosmopolitan district and therefore conducive to meetings and a multi-faceted district where personal and professional lives mingle.

acheter-appartement-luxe-vue-manhattan
Aerial view of Manhattan skyline at sunset, New York City

Experts Discuss – Turtle Bay

Rental market:

In March 2021, the median rent for an apartment in Turtle Bay was $ 2,200 for a studio (-40% over one year), $ 3,200 for one bedroom (flat), $ 4,000 for two bedrooms (-20%) and $ 6,200 for three bedrooms (+ 24%).

Sales market:

At the end of Q4 2020, across Turtle Bay as a whole, the median asking asking price of sellers stood at $ 950k (when the Manhattan average is $ 1M) showing a significant increase in the order of 20% over one year with $ 1,207 / square foot and around sixty transactions over the quarter.

Interview by Rachel Brunet, director and editor-in-chief of Le Petit Journal New York

Read the article in Le Petit Journal New York

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